每经编辑｜张锦河 1月1日，多家车企公布2025年12月份"成绩单"。 蔚来发文称，2025年12月，蔚来公司交付新车48,135台，创历史新高，同比增长54.6%。其中，蔚来品牌交付31,897台，创历史新高，同比增长 54.8%，交付量连续五个月增长；乐道品牌交付新车9,154台；firefly萤火虫品牌交付新车7,084台，创历史新高，环比增长16.4%，交付量连续五个月增 长。 2025年全年，蔚来公司共交付新车326,028台，创历史新高，同比增长46.9%。其中，蔚来品牌共交付178,806台。乐道品牌共交付107,808台。firefly萤 火虫品牌交付39,414台。 小鹏汽车称，2025年1~12月，小鹏汽车累计交付新车429,445台，同比增长126%，刷新历史年度交付纪录。12月，小鹏汽车共交付新车37,508台，实 现同环比双增长。 据理想汽车官方微博，理想汽车2025年12月交付44246辆汽车，截至2025年12月31日，理想汽车累计交付量已达1540215辆。 据小米汽车官方微博，小米汽车2025年12月交付量超过5万台。 小米创办人，董事长兼CEO雷军同日发文宣布小米YU7全系 ...

（来源：华商报） 郑州保时捷中心"跑路"尘埃未定，贵州又有一家保时捷中心"跑路"。股权穿透显示，这两家保时捷中心隶属同一家集团。 郑州、贵州两家保时捷相继"空楼" 24日，社交媒体上有大量用户发文称郑州中原保时捷中心"跑路"，一夜之间展厅被搬空，导致已支付定金的消费者无法提车，部分客户购买的保养套餐等 服务也无法兑现。郑州中原保时捷中心位于郑州市中原区大中原国际汽车城D区20号，占地面积12000平米，是河南地区规模最大的保时捷授权4S旗舰 店，隶属于河南东安控股集团。 郑州市中原区商务局工作人员进一步回应媒体称："此事并非该门店单独或保时捷品牌方面的问题，而是门店上游的集团内部出现状况，进而引发此次事 件。目前相关情况仍在进一步调查与协调中。"股权穿透显示，郑州中原保时捷中心隶属于东安控股集团有限公司，集团总部位于河南新乡。 25日，针对"郑州中原保时捷中心疑闭店'跑路'"一事，保时捷中国回应称，对于此次事件给各位车主及消费者带来的困扰与担忧致以最诚挚的歉意，将积 极推动事件妥善处理，将消费者合法权益放在首位。"我们高度关注保时捷授权经销商郑州中原保时捷中心出现经营异常情况，目前与警方和相关部门正 在现场核 ...

针对上述两家门店闭店情况，九派财经以消费者身份致电保时捷中国客户中心，接线人员向记者确认，上述两家经营异常门店属于同一经销商集 团。 保时捷接线客服表示，保时捷中国会积极推动事件妥善处理，如果消费者购买的是官方保养服务或套餐，去任意一家保时捷中心都会承认使用，如 果是门店自行销售的产品，后续服务或退款事宜需要根据门店承诺或协议履行相应的责任。 东安控股集团官网显示，其始创于1993年，曾是中国汽车流通行业百强企业。公司旗下经营包括保时捷、宝马、奥迪、鸿蒙智行、大众、东风本 田、一汽丰田等在内的十余家门店。目前，该集团旗下门店除保时捷品牌外，其他门店未被曝出经营异常。 12月25日，保时捷中国针对郑州中原保时捷中心一夜闭店疑似"跑路"情况做出回应，称高度关注保时捷授权经销商郑州中原保时捷中心出现经营异 常情况，目前与警方和相关部门正在现场核查事实。 九派财经记者了解到，涉事门店隶属于位于河南新乡的东安控股集团。东安控股集团旗下共有两家保时捷中心——在郑州中原保时捷中心被曝闭店 后，另一家位于贵州贵阳的贵阳孟关保时捷中心也被曝出一夜之间闭店。其中，贵阳孟关保时捷中心于2023年4月试营业，截至闭店仅营业两年零8 ...

近日，华为顶层进行了一场低调的人事调整，引发了科技圈不小的震动。 工商信息显示，12月12日华为终端有限公司完成变更，余承东接替郭平成为新任董事长，孟晚舟、徐直 军等集体退出董事会。早在今年9月底，任正非就已签发内部文件，任命余承东为华为产品投资评审委 员会主任。 至此，余承东完成了产品投资评审委员会主任、终端BG董事长和终端公司董事长的"三职合一"。 这位安徽人，终于掌握了华为内部决策、投资、人事三大核心权力，站到了权力舞台的正中央。 1. 孟晚舟退出 孟晚舟退出终端公司董事，看似是华为轮值制度的常规操作，实则暗藏深意。 华为轮值董事长制度的初衷是去个人化，通过集体领导避免企业命运系于一人之身。自2018年正式确立 以来，这一制度已运行7年，形成了三人轮值、每人半年的机制。 根据任正非的指示，轮值董事长在任期内需专注公司整体战略与制度建设，而非具体业务执行。因此， 孟晚舟在担任轮值董事长期间，必须从终端业务中抽身，转向集团全局规划。 这一调整背后，是华为对"让专业的人做专业的事"这一管理原则的坚持，也是对组织能力从个人英雄主 义向系统化运作转型的推进。 2014年，她领导华为数据变革，建立完善的数据管理体系 ...

电车界12月17日消息 昨日，一份关于鸿蒙智行致各用户中心的内部通知在网络流传。 通知表示：为有效降低经销商经营成本，优化市场营商环境，鸿蒙智行决定统一停止"鸿蒙智行大饭店"相关宣传，并规范终端服务项目，即日起禁止提供 免费充电、免费洗车及免费餐饮。 通知还明确，充电、餐饮等服务不得作为差异化营销手段，如被认定违规，门店将承担相应责任。 因免费服务调整引发的客户投诉，将适用客诉豁免政策，门店不承担违规责任。 鸿蒙智行在通知中要求各用户中心做好客户沟通与解释工作，确保服务体验平稳过渡。 昨晚，据博主@海星aaaaaaa透露，称该政策不会影响车主和看车的用户，影响的是"打包带走"的羊毛党。 对此，有鸿蒙智行店长也在社交媒体上表示，情况属实，"买了车的车主还是可以享受服务，不用担心。" 具体调整包括：停止一切"鸿蒙智行大饭店"相关宣传，并清除各平台历史宣传素材。 此外，各门店将不再提供免费充电、免费洗车及免费餐饮服务。 "超充桩、快充桩免费使用"政策也将取消，后续可通过付费或鸿蒙智行App积分进行消费。 洗车和餐饮服务仅限在用户到店看车、交车、维修、保养等业务过程中，在合规前提下酌情提供，同时门店需做好洗车券、餐饮 ...

Core Viewpoint - The "2025 Quality Products Connecting the World" agricultural exhibition in Lianyungang aims to enhance the "Lian Tian Xia" brand effect and create a trade platform for specialty products from Central Asia, integrating online and offline resources to provide a global quality consumption experience [1][6]. Group 1: Exhibition Overview - The exhibition is organized by Lianyungang Agricultural Commercial Holding Group and lasts for three days, featuring a total of approximately 100 exhibition booths [1]. - The event includes two special exhibition areas, nine themed areas, and a new energy vehicle exhibition area, showcasing products from ten countries of the Shanghai Cooperation Organization and various regions along the Belt and Road [1][3]. Group 2: Consumer Experience Enhancement - The exhibition incorporates emotional value into the consumer experience through themed decorations and interactive elements, including food tasting areas and entertainment facilities [2][3]. - Special promotions are offered, such as discounts on new self-operated brands and free access to children's play facilities, aimed at stimulating consumer spending [3][4]. Group 3: Safety and Security Measures - A comprehensive safety system is established, including market supervision, fire safety measures, and medical support to ensure a secure environment for attendees [4]. - Consumer vouchers are provided to encourage spending, with a total budget of 50,000 yuan allocated for these promotions [4]. Group 4: Long-term Development Strategy - The organizing group plans to extend services to exhibitors, including a dedicated storage area for goods and the potential for ongoing sales opportunities beyond the exhibition [5]. - Future initiatives will focus on integrating agricultural products with tourism and commerce, aiming to expand the "Lian Tian Xia" brand into broader markets [6].

Company News - Berkshire Hathaway reported a net profit of $30.796 billion for Q3, up from $26.251 billion year-on-year, exceeding market expectations of $12.73 billion [4] - The company's operating revenue reached $94.972 billion, slightly up from $92.995 billion year-on-year, and above market expectations of $91.55 billion [4] - As of September 30, cash reserves reached a record $381.67 billion (approximately 2716.5 billion RMB) [4] - The top five holdings accounted for 66% of the total fair value of equity securities, including American Express, Apple, Bank of America, Coca-Cola, and Chevron [4] Automotive Industry - Hongmeng Zhixing reported a record delivery of 68,216 new vehicles in October, marking the highest monthly delivery in history, with total deliveries surpassing 1 million [4] - Geely Automobile announced a total passenger car sales of 307,133 units in October, a year-on-year increase of 35% and a month-on-month increase of 12%, achieving a historical monthly sales record [5] - BYD reported sales of 441,706 vehicles in October, the highest for the year, with cumulative sales of 3,701,852 units from January to October, including over 14.2 million new energy vehicles [5] - NIO delivered 40,397 vehicles in October, a year-on-year increase of 92.6%, with total deliveries from early 2025 reaching 241,618 units, up 41.9% year-on-year [5] - XPeng Motors delivered 42,013 new vehicles in October, setting a historical monthly delivery record, with cumulative deliveries of 355,209 units from January to October, a year-on-year increase of 190% [5] Industry Research - Zhongshan Securities reported that the growth rate of mobile phone sales is slowing, reducing the likelihood of exceeding performance expectations for consumer electronics and semiconductor companies in the mobile supply chain [6] - The demand for storage chips and related production equipment is strong due to AI-related needs, while power semiconductor companies are expected to perform well driven by new energy demand [6] - Zhongyuan Securities noted that the photovoltaic industry is still undervalued historically, with potential for valuation recovery as the competitive landscape and industry chain ecology improve [6]

Group 1 - The Hainan duty-free shopping policy has been adjusted, increasing the number of duty-free product categories from 45 to 47, allowing domestic products like clothing and ceramics to be sold duty-free starting November 1 [1] - The State Council has emphasized the need to enhance green trade and improve logistics efficiency, with a focus on reducing costs and increasing investment in logistics infrastructure [1] - China's fiscal revenue has shown a gradual recovery, with a total public budget revenue of 16.39 trillion yuan in the first three quarters, reflecting a year-on-year growth of 0.5% [1] Group 2 - The 138th Canton Fair is currently ongoing, attracting over 32,000 exhibitors, with a record number of high-quality enterprises participating [2] - A new tax policy will be implemented from November 1, 2025, providing a 50% VAT refund for electricity products generated from offshore wind power [2] - The China Express Development Index increased by 3.9% year-on-year in September, with an expected 12% growth in express delivery volume [2] Group 3 - The China Securities Regulatory Commission has released new corporate governance guidelines, which will take effect on January 1, 2026, focusing on limiting significant adverse impacts from competition among listed companies [3] - In September, the number of new margin trading accounts reached 205,400, marking a 12.24% month-on-month increase and a 288% year-on-year increase [3] - The company Cambrian Technology reported a 1332.52% year-on-year increase in revenue for Q3, reaching 1.727 billion yuan [4] Group 4 - Zijin Mining reported Q3 revenue of 86.489 billion yuan, a year-on-year increase of 8.14%, with a net profit of 17.056 billion yuan, up 52.25% [4] - Alibaba and Ant Group announced a joint investment of $925 million to acquire a commercial office building in Hong Kong [5] - The U.S. stock market saw all three major indices rise, with the Dow Jones increasing by 0.52% [5]

Group 1: BMW Group Performance - BMW Group delivered 588,300 vehicles in Q3 2025, a year-on-year increase of 8.8% [1] - Cumulative deliveries of BMW, MINI, and Rolls-Royce reached 1,795,894 units by the end of September, a slight increase of 2.4% compared to the previous year [1] - In Q3, a total of 151,282 electric (BEV) and plug-in hybrid (PHEV) vehicles were delivered, with a total of 470,313 new energy vehicles sold in the first three quarters, marking a 15.0% year-on-year growth [3] Group 2: Mercedes-Benz Sales - Mercedes-Benz sold 525,300 vehicles globally in Q3, with pure electric vehicle sales increasing by 22% quarter-on-quarter and 9% year-on-year [4] - High-end model sales grew by 5% quarter-on-quarter and 10% year-on-year, reaching 67,800 units, accounting for 15.4% of total sales [6] Group 3: Hongmeng Zhixing Performance - Hongmeng Zhixing received over 48,500 large orders during the National Day holiday, averaging about 6,000 units sold per day [6] - In September, the company delivered 52,916 new vehicles, surpassing 950,000 cumulative deliveries, with new orders exceeding 110,000, setting a historical high [8] Group 4: New Energy Vehicle Tax Policies - The Ministry of Industry and Information Technology, along with other departments, announced new requirements for the exemption of vehicle purchase tax for new energy vehicles for 2026-2027 [9] - Pure electric passenger vehicles must meet specific energy consumption limits, while plug-in hybrid vehicles have defined requirements for electric range and fuel consumption [9][10] Group 5: Dongfeng and Huawei Collaboration - Dongfeng and Huawei launched a public naming campaign for their joint DH project, emphasizing a two-character brand name that signifies intelligent travel [10] - The DH project, initiated in January, aims to develop a high-end intelligent full-size SUV expected to launch in 2026 [12] Group 6: Dongfeng Nissan's New Engine - Dongfeng Nissan's first plug-in hybrid vehicle, the N6, features the newly developed NR15 engine, which was officially launched on September 30 [13] - The N6 is positioned as a mid-size car with a hybrid system combining a 1.5L naturally aspirated engine and an electric motor, offering two pure electric range options of 125 km and 130 km [15] Group 7: International Standard for Smart Mobility - The proposal for the international standard on "Safety and Privacy in Smart Mobility Services" has been successfully initiated, with support from multiple countries [16] - This standard aims to establish a common framework for smart mobility services, focusing on safety measures and data flow among stakeholders [16] Group 8: BYD Han Long Range Version Launch - BYD launched the Han Long Range version with prices starting from 159,800 yuan after subsidies, featuring significant advancements in range and efficiency [17] - The Han DM-i Long Range version offers a pure electric range of 245 km and a fuel consumption of only 3.44L/100km, while the EV version provides a range of 635 km to 705 km [19]

Core Insights - The company achieved impressive sales performance during the National Day holiday, with a total of 48,500 orders, marking a year-on-year increase of nearly 70% [1] - Daily orders peaked at over 8,000 on October 1, with a continuous increase leading to the cumulative total by October 8 [1] - In September, the company delivered 52,916 new vehicles, bringing total deliveries to over 950,000, nearing the milestone of one million [1] Sales Performance - Cumulative orders during the National Day holiday reached 48,500 units, reflecting a significant growth of nearly 70% compared to the previous year [1] - The daily order volume saw a remarkable surge, starting from over 8,000 on the first day of the holiday [1] Service and Customer Engagement - The company provided extensive services during the National Day "安心行" service event, including 15 vehicle checks and 24-hour all-scenario rescue services [1] - These services contributed to the expansion of the user base and supported sustained production capacity growth [1] Industry Impact - The nearing milestone of one million deliveries signifies a pivotal moment for the company, positioning it as a leader in the high-end smart vehicle segment in China [1] - The combination of technology, ecosystem, and channel strategies has proven effective in driving sales and enhancing customer satisfaction [1]